i want us out of the customs union. he wants us in. i want us out of the single market. he wants us in. i want us to sign our own trade deals. he wants to hand them over to brussels. i have ruled out a second referendum. he won't. there is no doubt which of us is respecting the will of the british people and delivering on the vote, and it is not him. >> we are 11 days on from the so-called chequers agreement, and the agreement, and the -- and the white paper did not even survive contact with the cabinet or the tory back benches, and has not yet even been discussed with the eu. the brexit white paper does state, "the uk is committed to membership of the european convention on human rights". is the new brexit secretary signed up to that? prime minister may: let me say to the right honorable gentleman that we are signed up to that. it was in our manifesto. can i also say to the right honorable gentleman that he has stood up and asked virtually the same question, and obviously has not listened to any of the answers that i have given him. the whole point of this is not that y

and no customs union, and the single market. and if there is a free movement, by which ever mentioned, because into this mobility thing and everybody is now appearing that that is the next red light to be crossed, will he resign? free movement would not be acceptable to have free movement, in my view, a betrayal of what the people wanted for in the referendum. liam fox. you're watching wednesday in parliament with me, mandy baker. if you want to catch up with all the news from westminster on the go, don't forget our sister programme — today in parliament — is available as a download via the bbc radio 4 website. labour has failed in an attempt to sanction the work and pension secretary, on the roll—out, the move on the spending watchdog, the national audit office. they apologised for mistakingly telling police, be in a old new benefits —— the new benefits should be rolled up faster. the nal is made clear that the government should not expand universal credit until until he can be at higher volumes, if the government fai

it's a union for customs. that is... it's a union for customs. that is different. voters just is... it's a union for customs. that is different. votersjust want brexit to happen. they want to get on with it. they're not going to be marching in the streets over the common external tariff. some people do bring theirjohns but they are not so hung up on the nitty—gritty. they want food on the shelves after brexit date, they want little britain and a positive message to look forward to. a final observation, the times is focusing on the role of borisjohnson again. how much does he matter above all other figures how much does he matter above all otherfigures in terms how much does he matter above all other figures in terms of what he says and does? he is the talisman of brexit. he is the person... in this case he is, the talisman... what was i saying? if he is there, he is the made in india tower for brexit. if he leaves it is doom and gloom and vast. when he joined a vote leave, vote rs vast. when he joined a vote leave, voters thought that it might be quite good. that it was appealing

are hopinge rebels to create a customs union within the eu if a deal fails. may will appear before parliament's liaison committee and address a meeting of tory mp's. looks to discuss the negative impact of the ongoing trade war. it is unlikely to be included in the meeting's final communique. delicates seek to avoid the type of fiasco at the g7 meeting in canada last month, when donald trump withdrew from the final statement amid a flurry of insults. global news on air, 24 hours a day and at tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. you can find more stories on the bloomberg @tocgo. those comments from jay powell certainly giving a boost to sentiment. the dollar strength as well. the yen lower. -- the nikkei is up by some intensive 1%. percent.tenths of one to look at some of the stocks we are watching. shares have received up grades. you are seeing quite a good boost in hong kong. at bhp with looking record iron ore outputs. a more than 3% gain. aerospace, the worst performer when you look at member-ranked r

union. it is her personal position and the settled negotiating position of her majesty's government that after we leave the eu we will have full and unfettered control of migration into this country, full and unfettered control of our ability to make new trade deals with the rest of the world and above all, full and unfettered control on the way we regulate our own business. we will indeed after we leave the european union, we will be operating our own independent trade policy and parliament will be determining our laws and we will bring an end to free movement. president macron said that each of the cabinet ministers should be subject to a performance review. when the prime minister meets her cabinet on friday, will she judge everyone of their contributions in the final deal that they decide against the very clear criteria laid down in the conservative and labour manifesto that we will categorically be leaving the single market, the customs union and the remit of the ec]? we have a strong t

and what we are giving up to join a customs union is much more than is imagined. the european union is a slow and not very effective negotiator of free trade. we keep hearing about their negotiating power, their size, actually they represent 28 different countries means they come up with sub optimal outcomes all the time. this idea that somehow or other every good that comes into eu via northern ireland and the republic is going to have to be stopped, it does not even match with common day practice. and when it comes to correcting taxes, 13,000 lorries per year crossed the border carrying drink to other parts of the united kingdom. there is duty to be collected on. not one of them is stopped because the duty is collected. we are two years on and no real progress has been made. tory rivalries, leadership ambitions, and factionalism is making this country a laughing stock. and they should be ashamed. the uk government will not support anything that has put forward by it remain. the labour front bench will not support anything put forward by the conserver remainers.

union and oui’ single market, the customs union and our common policies. and he pointed out never only 13 weeks left before the eu summit in october, when the withdrawal agreement is due to be finalised. chris mason, bbc news. in a moment we'll hear from gavin lee in brussels, but first chris page is in belfast. the irish border has always been a huge issue in these brexit negotiations. do we think we have heard anything from theresa may today that shifts the dial on this? there will be more talks next week in brussels about the irish border, in particular this issue of the backstop, an insurance policy, a full—back or fail—safe arrangement which would come into play if and only if the irish border issue could not be resolved by some kind of overarching free agreement. the eu's interpretation of that is well, northern ireland would stay in the customs union and large parts of the single market but not the rest of the uk. theresa may in belfast today very much but the emphasis once again on the fact she thinks that would be. she said if any british prim

they care more about brexit and the customs union than they do about who is in government, i guess. to pick up from what jack said, that's the thing we are seeing now, the old party alliances of tories voting for tory policy and labour voting for labour policy, all thatis labour voting for labour policy, all that is broken down now. people seem to care more about particular outcomes of brexit than tribal loyalties to their party. we talk about these great political realignments, but we are seeing in the house of commons right now that people like jacob rees—mogg on one side and chuka umunna on the labour side, they really have parties within parties, they tell them how to vote and what to say on tv and what have you. a lot is changing. it is incredibly fluid at the moment. one final march to this, jack, the times talking about this idea that the message from downing street was, back me or it's time for another general election? desperate stuff although there is some truth in it. if she had lost the vote tonight it's not impossible that we would have gone for another election to en

then we are in a customs union effectively and we are ina single customs union effectively and we are in a single market which seems to have been agreed yesterday. well thatis have been agreed yesterday. well that is not leaving the european union. given what you have read and i completely understand your point about your waiting to see the detail, and doubtless you will be at westminster at the start of the week to hear the prime minister making her statement to mp5. allowing for all of that, are you surprised that this was agreed to? by so many people were so many views on brexit? yes i am surprised. because i like to think that government should be practical and should be realistic. and i do not think, i do not think this proposal solves the issues. i think it goes back potentially on what people voted for and i do not think it needs one of the prime minister's mean ambitions through this which is to put this to bed.|j suppose the other difficulty is we would be going into a negotiation and in negotiations both sides have to be prepared to give up something. and if this is what the

to form a customs union with the eu. we are going to leave the customs union. is 73 relating to do two such an arrangement is not part of the white paper. we were able to accept that also. that's in the white paper. that's all very interesting. could you explain why. having spent a week trying to convince that. what is their plan now. is she seriously expected in the 27 member states of the eu are going to establish their own collection infrastructure just to satisfy the war within the conservative party is britain. on monday evening. the new brexit secretary was stopping in the next round of brexit negotiations. he doesn't know what he's supposed to be negotiating. two years on from that referendum. the government has no serious negotiating strategy whatsoever. he is just plain wrong on his interpretation. i'm very happy to ensure that. they can read and understand what they're going to be doing. i say to the leaders of the opposition. the differences between us on this issue. he wants to keep it. i want us to sign our own trade deals. he wants to hand them ov

you said that you can envision a customs union. is, he worked as the eu commissioner for five years, it appears to me that the white paper chose a good industry as a sub brags it, which is comprised economy% united kingdom -- a soft brexit, as opposed to a hard brexit. with regards to the renewed contracts in the financial industry, with the new white paper proposal, i would be interested in your view, qualified as the five years past eu commissioner. michel: i don't want publicly to go into details, but you are speaking about the preparedness for leaving, but also, the case for an orderly withdrawal. in which case, we need to check their carefully, what could happen to the financial markets. we havethe reason why created, between the ecb and the bank of england, a working group . we are working to identify the risks, mitigate the private sector in front of its own responsibility. the private sector, asked first of all to be prepared and to watch their exposure to the united kingdom markets. that is a plan. i do not want to comment

it customs union if no deal could be reached byjanuary. it was rejected. there have been clashes in several towns in nicaragua after security forces ripped down barriers erected by security forces. the un has accused the government of serious violations. so let's have a look at some of those stories and others in the media today. so let's begin. we begin with the washington post, which is looking at donald trump stating that he accepts intelligence on russian interference. the post is calling the correction "a strained effort at damage control" after comments at the helsinki summit set off global uproar. the independent‘s front page has former us president barack obama and his speech injohannesburg, where he said the world is living through strange and uncertain times. he also decried the use of strongman politics, in his most high—profile speech since leaving the white house. on the front page of the daily telegraph, british pm theresa may narrowly avoids another challenge to the brexit plan, this time saved by four labour mps. in the japan times, we'

the labour party position is different, it would be part of a customs union, it would be part of a customs union, it claims it would get alignment with the single market and not being in it, but that raises 20,000 questions. so there is not this summer, start of the summer, clarity is really about what form this will take. we will see. that is parkland for now. the next brexit talks are late august. let's see whether here on dateline we get through the summer without discussing it. hollow laughter. we believe that for now. there is much more to discuss. lets turn to the middle east, because the recent helsinki summit between donald trump and vladimir putin was overshadowed by those extraordinary comments that the us president was later forced to row back on ,but what was actually achieved in terms of policy? no communique was issued, but it appears syria was discussed. is the us now renconciled to bashar al assad remaining in power? and how does that tie in with the trump adminstration's approach to iran? mina, from your vantage point in the gulf, what is your sense of what's going on? it

that is unacceptable, thatis customs union. that is unacceptable, that is what people voted against. surveys were that we have an option. we could go for no deal and of course, nobody. it is still possible. but i think the best thing for the uk is to have a deal that sets a good relationship with our trading partners in the future. so if we're going to buy something that was in britain's interests, that delivered a referendum was negotiable we had to make what is a compromise but as a positive in terms of the benefits that it gives us. essentially her argument there is this is the best deal on the table. and she has been decided. she's coming out fighting for that plan this morning. the problem is, on the opposition benches you people who think we perhaps need to negotiate a differently, the customs union, a slightly closer relationship with the european union than theresa may is suggesting. but even within her own party there are those who say this is too close. the brexiteers who want her to make a clean break the eu. those b

country that they have to pass through there's nothing great about having a customs union with the is there what the point actually is how do you change customs customs or arrangement or partnership or whatever it was because which something that was anticipated in our party manifesto last year but also the other point is that along with government went to rome yes that's right and as we know we saw the election result which obviously has made things far more complicated for the government and it's a self-inflicted wound well there's no point of it i mean we are we are there's no point in revisiting history there's no dance in the country for a further general election what their arguments for from i know from standing on doorsteps in my constituency is for the u.k. government to proceed with the negotiations and then that with the best possible deal so that's why all these things should be very much explored the modelling is in trying to get a solution that kate's both remain as and brick city years britain seems to be reduced to putting forward ideas that are pretty much unworkable

this could all of a customs union? this could all ofa of a customs union? this could all of a sudden be quite good news for brexiteers. i think it is so hard to tell right now what is going on and where we are going to be. let's move to the daily telegraph. this story about a woman who wants to be divorced. she says she is in an unhappy marriage but that is not grounds, according to judges, unhappy marriage but that is not grounds, according tojudges, to be able to divorce. partly because there is such thing as a no fault divorce. her husband doesn't want to go ahead with it so sure to stay. divorce. her husband doesn't want to go ahead with it so sure to staym isa go ahead with it so sure to staym is a complete catch—22 situation. the judges? unanimously and said they couldn't grant it within the current legal parameters, but it was very much a message that they felt a lot of this law was antiquated. very clear that the judges said it was in their place to change the law and that has to go into parliament and the government. it is a very sad story, it do

but crucially there was no commons majority for a customs union, if brexit talks were to fail. crisis averted, but only by a handful of votes. lesso n two ? there is no convincing majority for any direction on brexit. which brings us to today. while theresa may was being grilled on her chequers plan, by a committee of mp‘s that oversee brexit, former foreign secretary borisjohnson was in the chamber, delivering his resignation speech — and an unsparing assessment of what the prime minister has come up with. it is not too late to save brexit. we have time in these negotiations, we have changed tack once and we can change again. the problem is not that we failed to make the case for a free trade agreement of the kind spelt out at lancaster house, we haven't even tried. tonight theresa may has been meeting her mp‘s behind closed doors. she has been meeting the 1922 committee. she was kept waiting in the corridorfor several committee. she was kept waiting in the corridor for several minutes but was eventually let in to cheers and the banging of tables. it would seem a new sen

in the customs union would effectively keep the whole of the u.k. inside the european union too much for their liking and so she is actually trying to explain why she had no choice but to come to this other arrangements which has now led to the resignation still of david davis and boris johnson but the crunch moment today is going to be this evening when she tries to explain all this to all the conservative rank and file politicians because at that point it will become clear how many of them are prepared now to have a vote of no confidence in her so this is all to do with a list of the think tank british influence about where to start with what what's what the mechanism tonight. that if forty eight conservative members of parliament writes a letter of no confidence in the then there's a leadership contest that's right isn't it what happens after that well that overseas she'll have to stand if she wants a standard and see if she can win either way she's profoundly weakened whatever she's done it's been a disaster if she wanted to flush out the great

leaving to the single market and the customs union. this is bloomberg. ♪ ♪ it is noon in washington and midnight in hong kong. i am shery anh. >> i am david westin, welcome to "bloomberg markets: balance of power." thecan history, saving victory for the next mexican president and what comes next? tariffs versus growth. the administration is all about tariffs and a reciprocity. and where is the democratic party headed? , it is timeins to find a theme with the midterms. the dan pfeiffer, close advisor to president obama throughout the white house. ♪ >> let's get a quick check of the major averages. u.s. stocks turning back earlier but declines in the red.

that will sound too much like being in a customs union. 0thers much like being in a customs union. others will say that we are not in a customs union, we have an agreement. there is a lot to be unpicked. in terms of the negotiations, they are backin terms of the negotiations, they are back ina terms of the negotiations, they are back in a monday week? yes, there will be calls things to be stepped up. we heard the transport secretary saying they want to step up reputations for a no deal brexit. michel barnier, the chief negotiator for eu did tweet last night saying they would read the proposals seek as they are realistic. theresa may might take some reassurance that he has not treated, we know that the negotiation can be verbose on these subjects, he has not dismissed these proposals out of hand. thank you very much. england is expected to come to standstill this afternoon as its footballers take on sweden for a place in the world cup semifinals. the match, which is being played in the russian city of samara, gets underway at three o'clock. the winner will face either russia or croa

union. that is what they were arguing but as you heard in those very close figures again, that motion defeated byjust six votes. let's listen to loom for us, the international trade secretary. we have spent today thoroughly examining the measures in this short but significant piece of legislation, following four days of wine by line scrutiny in public health committee. i would like to thank those who gave oral evidence to the committee and the individuals and organisations who provided written evidence and recommendations. i extend particular thanks to the members of the public health committee on which the honourable member for brent north led to the opposition and the honourable member for aberdeen north led for the snp. for their detailed examination of the bill and the positive way in which they contributed to debates on its provisions. i would also like to pay particular thanks to my right honourable friend the member for chelsea and fulham. who is minister of state for trade policy pla

the union. with goodwill and common sense, we can address the concerns about the northern irish border and all other borders. we have fully two and a half years to make the technical preparations along with preparations for a world trade outcome. those preparations, which we should now accelerate. we should not and need not be stampeded by anyone. so let us, again, aim explicitly for that glorious vision of lancaster house, a strong, independent, self-governing britain that is genuinely open to the world. not the miserable, permanent limbo of czechers. not the democratic disaster of ongoing harmonization with no way out and no say for the u.k. we need to take one decision now before all others, and that is to believe in this country and what -- [inaudible] because i can tell you, mr. speaker, that the u.k.'s admirers, and there are millions if not billions across the world, are fully expecting us to do what we said and to take back control and to be able to set new standards for technologies in

you can't prime minister is set showdown oversh plans to keep britain close to the eu customs union after brexit. former malaysian leader denies wrongdoing in connection with a corruption scandal. ♪ anna: good morning everybody. it is 6:00 here in london. 9:00 in dubai. let's talk about this asian equity session. it is negative but not by a supreme measure. a little bit of stability injected into currency markets. pboc talking out. the yuan is up for a second day. this is the chinese offshore currency. we have those reassurances from the pboc. things have taken on a micro feel, micron technology in the crosshairs in a chinese court. there are lots of moving parts on the corporate level. the next step in the trade war is what we will see on friday way with the u.s. imposing those tariffs on chinese imports. crude. the price of is in your because we had a new forecast out. they are talking about $85 in 2019. we have seen outages and the latest data in inventories in the united states. all of that leading to a concern about a tighter market. focus on these chinese stories. manus: there are

a customs union does not need to have that and that is why we have proposed a new customs union. the single market is a different matter. the way in which many people have access into the european market, we need to make sure we have a strong, new, free trade agreement with the european union that gives us the maximum access. the idea is that customs arrangement determined that you have to be part of the four freedoms, and i'm afraid that is not the case. i am sad that michelle barney has come up ahead of the negotiations and simply put a hand up and said, no, we do not like what the government has on offer because that is not the way to negotiate. if we need to get our country to the right place, and the right agreement -- because, ultimately, this is not about who resigns from the cabinet. who agrees with theresa may domestically. it is about the jobs in the future livelihood of people in this country. that is what is at stake. and that is why this government has been so cavalier in its approach. we need to be talking about education. we need to be talking about building homes.

means where people are voting to leave the last and i think they were and the customs union to you were they labor party's position which is a kind of compromise too on each side that we would see it would be a back seat but it would mean staying in the customs union i think what's happened in zuccotti park the is there is a bigger window that are to nicky who have worked very. very hard breaks it and so trees are made but a big problem bringing all her beauty together and jeremy called me and i think jeremy found a kind of compromise that he supports on except of course there is an element in the labor party who don't want to leave the e.u. or talked see. that only well you know he's got problems too. but i think the labor party is generally. generally less divided on this than the conservancy it's now and it's going to be absolutely fascinating next two days because the latest opinion polls show that labor's in the eat only by one or two points so that might have a factor but i don't see i think you know to raise a man now has made a big mistake again she's got a big crisis on our han

may i just good as a customs union would be. may ijust add that, before ijoined politics, four years ago i was in german industry? i was also the president of the german federation of industries for six years, roughly the equivalent of the cbi, and i have not met a single business person on the continent and hardly any in britain who does not think that brexit is actually a bad deal. you asked trump and putin, they are both in favour of a hard brexit, we heard that from trump today, and every british person should ask themselves, why are these two people in favour of a hard brexit? it is very clear for in favour of a hard brexit? it is very clearfor me, in favour of a hard brexit? it is very clear for me, they want a week britain and a weaker european union. you said at the beginning this is not a deal, and you are right, this isa not a deal, and you are right, this is a proposal. it is the negotiating basis for the government's position with brussels. our disco down in brussels? the first reaction was silence. they should be si

the house could say we think we should remain in the customs union. if you go away and negotiate that, we will think about support for the withdrawal agreement. there will be the big moment, what is clear and has been for some time, is that there is no majority for leaving with no deal andi majority for leaving with no deal and i think the problem for the brexiteers at the gavin esler —— last friday was this, the prime minister said, do you have a plan? do you have a plan that could command a majority in the house of commons, they don't have that either. now they are railing against the consequences of having spent two yea rs the consequences of having spent two years pretending we could get everything we wanted and finally realising, there are choices to be made, trade us, they have consequences and now they are complaining, basically about the incoherence of the approach they have taken over the past two years. always good to get your thoughts, thank you for coming. it is quite interesting, when you talk about what goes from here, when you start

northern ireland would stay in the customs union. would stay in most of the single market. this is simply not acceptable, or in the prime minister's more diplomatic words, not workable. and appearing to be diplomatic theresa may is saying the eu's position, therefore the chief negotiator's position needs to evolve. in plain english, needs to change why? she has rebuffed again today and defended the united kingdom. her point is the unitedwhy? kingdom, the u.k. is made up of four nations. one of which is northern ireland. the frictionless border that exist between british territory, northern ireland, and eu country republic of ireland needs to rema frictionless. this prime minister says it would not be acceptable for her for there to be different treatment for northern ireland, nor does she believe any future british prime minister whatever except this, nor that it would be accepted by the house of commons. host: theresa may is in a difficult position. she is very weak politically, given all the parliamentary turmoil. this is all happening at the eu issued a warning to its me

if you cannot get the circumstances for business with leaving the customs union and single market, which a lot of people were saying has not always been accepted, then we have to choose what our priorities are. are we going with ideology or are we going with what we know works and has been a success 7 we know works and has been a success? the problem is when we voted on this referendum nobody explained what we were voting for. they basically said we are leaving, and of course whatever the proposals are that theresa may has made, eight, first of all, she has to get it past her cabinet which the leaders met in the foreign office today which you have been reporting, under borisjohnson today which you have been reporting, under boris johnson whether they will resign. we have heard the stories before. are they going to resign? are the remainderto stories before. are they going to resign? are the remainder to have been very loud and they're only going to push to vote or not was not all of these questions and the question is these proposals, will they meet with the eu's approval was white is on

will we be losing the customs union? absolutely leaving the single market to take advantage of cheap materials around the world, and trade ills with growing part of the world which cloud sadly according to the european union in‘s owner now has —— own analysis... the way that you have reacted to this report of what you call a botched deal or compromise according to some of your colleagues, you are clearly taking that potential very seriously. you are that potential very seriously. you a re clearly that potential very seriously. you are clearly taking those reports very seriously. is it your view that thatis very seriously. is it your view that that is what it is about at the moment? neither you nori know. we don't know what is in the papers that will be submitted to the cabinet. just forget the economics completely, the other point is the political point. the british people we re political point. the british people were given an absolute deciding vote, and for the first time in history, this is a constitutional phen

i suspect it will look a bit like a customs union but wouldn't be called a customs union but until there is more clarity about that, it's slightly speculative but that is the broad pattern emerging. slightly speculative but that is the broad pattern emergingm slightly speculative but that is the broad pattern emerging. if that's right, separating goods from services, why would that make a difference and is it viable? the eu wouldn't like it much because they think freedom of goods and services is part of its full freedoms so we're back to cherry picking, and industry would look at this and say we have this perception that goods and services are separate things that if you take a company like rolls—royce, the deal includes, engines, but in 2017, the revenue of their civil aerospace business, more than half of their revenue came from services because once they sell an engine, there is more money involved in servicing that engine afterwards, so the idea that goods and services are separate and if we get a deal on goods, companies like rolls—royce would be fine, it's a bit more complicat

if we do not deliver frictionless trade either by a customs union or indeed by some magical third way that the prime minister can deliver them, if we do not do that, thousands of folks will go. >> they made the first speech since his resignation. >> the risk and cost of having a customs border are less that is being claimed and what we're giving up to join the customs unit is much more than we imagined. the european union is a slow and not very effective negotiator of free trade. we keep hearing about the negotiating power. actually the fact that they represent 28 different countries mean they come up with the outcomes all of the time. >> they keep arguing because companies do trade across borders that have customs checks, therefore we should report customs-free border. so because the trade takes place, therefore it will take at cost 52 trading places. why on earth would we do that? >> this idea everyone that comes into the au via northern ireland is going to have to be stopped. it doesn't even match with common day practice. and, of course, when it comes to taxes, 13,000 a year cross

union trade bill comes before parliament, actually mps will vote to be in the customs union or a customs union. they will be given that choice. they are locked away in the house behind me, they arrived this morning with their hands over their phones —— and they had to hand over their phones and their apple watchers. we don't know how they are getting on but it sounds like from what david liddington had to say this morning that he is positive and he feels that he is positive and he feels that theresa may can get a compromise. i think it is a balanced package. it combines delivering on what the prime minister has promised and ending the jurisdiction of european courts in the uk and freedom of movement, out of the single market and customs union. with proposals for a creative and forward—looking partnership with european colleagues that cover security, police cooperation and principe covers cooperation and principe covers cooperation on business and trade as well. in the automotive industry in this country at agriculture and fisheries, they are integrated into european markets, a lot

she scraped through on that customs union, only because mps thinking of rebelling that were told if they were successful there will be a confidence vote, in other words there was a risk they could be a general election and they could be responsible for putting jeremy corbyn in downing street. today she will facejeremy corbyn in downing street. today she will face jeremy corbyn corbyn in downing street. today she will facejeremy corbyn in the last questions of the session, she has got the most senior mps at westminster quizzing her as she ta kes westminster quizzing her as she takes lots of questions from them and then she bases her own back ventures and then she bases her own back ve ntu res — — and then she bases her own back ventures —— back ensures. after that cheque is agreement on the eu, many are sceptical about what she's try to achieve and some of them want to oust her. will be speaking to conservative mps either side of that debate a little later on in the programme. “— debate a little later on in the programme. —— we will. in a sharp u—turn, president trump sa

the crucial thing on the customs union is we are leaving in a way that allows us to strike free trade deals abroad which doesn‘t damage the deal we have with the eu and avoid a return to the hardboard with the eu and avoid a return to the ha rdboa rd with northern the eu and avoid a return to the hardboard with northern ireland. that is the win when we are looking for. —— hardboard. so what are the key points of the brexit blueprint? the government proposes a free trade area for goods involving the uk and the eu that in effect continues existing arrangements for manufacturing and agricultural goods. they will look for a different arrangement for services. that makes up most of our economy, 80%. freedom of movement will come to an end but a mobility framework will ensure uk and eu citizens can easily travel and apply to study or work. thejurisdiction of the european court ofjustice will end but the uk will "pay regard" to its decisions in areas where common rules were in force. and a new customs arrangement will remove the need for checks and controls with the goal of creating a

is for us to continue to be part of the single market and customs union. the cabinet and the prime minister have taken those things off the table and frankly this is one of the reasons why i personally think we should have a peoples ford on the brexit deal because the chaos and shambles we have seen at the heart of government, notjust today but over the last couple of years on this issue, shows we will not get one view coming from cabinet, never mind parliament. only the people can resolve in my view. as a conservative backbench mps, what does theresa may need to do to please you? i think she needs to sell this idea and explain how it delivers on the three freedoms which is what she has been promising to write the way through. we got elected on that basis and it was in the lancaster house speech, getting back control of our laws, our money and our borders. if it does that, big ticks in all boxes and many people across the country, not just in the conservative party, will be behind it, but there are real concerns at the moment that it does not necessarily d

that are out of the way of solving some of the problems that arise from leaving the customs union and leaving the single market in particular is really as regards state of the border for northern ireland so it was a pond but it does actually describe i'm afraid rather what reason makes breaks it looks like it of course or a stone chip used pretty much the same language in describing that to reason may approach to breaks it during the famous cabinet meeting at checkers last weight i'm i'm not i think as i said the project that theresa may has come up with is a sort of lowest common denominator it keeps us have been and have out of the mechanisms of the european union in particular at the cost of single market. but. it doesn't give us any sort of poets in how those regulations are made in future so it really isn't going to satisfy anyone it won't satisfy the people who want us to be completely free of the a.t.m. it once has five people that want us to stay part of the single market to maintain freedom of movement and the other mechanisms that that that apply the moment but he . there's

any customs arrangements or customs union, and i always say that the eu is open to a customs union, must respect this principle. and in any case, a customs union, which would help to reduce friction at the border, would come with our commercial policy for goods >> barnier also warned prime minister theresa may that attempts to gain support for her brexit plan among individual eu leaders would be a waste of time may is traveling today to austria to meet with the czech prime minister later today >>> facebook suffers the biggest one-day wipeout in u.s. stock market history find out why investors gave the company a thumbs down after this break. you might take something for your heart... or joints. but do you take something for your brain. with an ingredient originally discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life. man: are unpredictable crohn's symptoms following you everywhere? it's time to take back control with stelara®. for adults with moderately to severely active crohn's disease, stelara® works

uk trade you said you can envision custom union. my question is with the service sector i guess you have commissioner -- services for five years, my question is with regard to the service industry. it appeared to me the white paper chose a good industry as soft brexit in contrast which comprised 80% of the uk economy chose hard brexit. my question is very specific. with regard to the continued contract in the industry at the moment there is a group between bank of england and ecb. would a new white paper propose i would be very interested in your view, you are exceptionally well qualified as five years in the financial services commissioner. thank you very much. >> i don't want publicly to go into details, but you are speaking about a part of the preparedness of the planning we need in case of orderly withdrawal. in any case we need to check very carefully what would happen in the financial markets. so the reason why we have created between the bank of england, the ecb a working group and we are working clearly to either define the

rebels to create a customs union if the trade deal fails. later today, theresa may will face parliament questions and addressed a meeting of tory and fees -- mp's. jerome powell says the bank will continue to gradually raise interest rates amidst a long -- strong labor market. said the fomc believes that, for now, the best way forward is to keep raising rates. global news, 24 hours a day. powered by more than 2,700 journalists in more than 120 countries. this is bloomberg. thanks so much, taylor. transatlantic trade will be the focus of talks. bloomberg has learned that the eu commission president is hoping to start negotiation's on reducing car tariffs for several partners. let's bring back our guests. when you look at how equities are trading in this session, carmakers are most the biggest gainers, presumably on this possibility we could get some sort of negotiation or agreement on tariffs. we see movement every day on this news. but when you are actually allocating and looking ahead to that august 30, when the tariffs could be imposed on

the soft border in ireland, but not wanting to be part of the customs union. her plan, in fairness to it, is an attempt to square all those circles. because they are not able to be squared, it is a plan that is going to fall by the wayside. it was an attempt to meet all the contradictory demands, and has no other equivalent at the moment. the labour party position is different. it would be part of a customs union, it claims it would get alignment with the single market and not be in it, but that raises 20,000 questions. so there isn't, this summer, clarity really about what form this is going to take. we will see. let's park that for now. the next brexit talks are late august. there is an eu summit in september. let's see whether here on dateline we get through the summer without discussing it. hollow laughter we will leave that for now. there is much more to discuss. let's turn to the middle east, because the recent helsinki summit between donald trump and vladimir putin was overshadowed by those extraordinary comments that the us president was later forced t